Credit card fraud prevention for merchants: International Orders
There are many advantages to doing business overseas. Goods and services might not be available locally, which raises the demand for what you have to offer. The obvious drawback is how easy it can be to scam a foreigner, because our judicial system can’t prosecute someone in another country. Our law enforcement is hardly going to fly to Indonesia to retrieve your $400.
Some countries have much higher risks than others. Here’s a list of countries you might want to stay away from. They all have abnormally higher instances of credit card fraud.
- Indonesia
- Ghana
- Malaysia
- Nigeria
- Benin
- Pakistan
- Israel
- Egypt
There are other Eastern European countries that suffer from the same
problem. The general rule is to be weary of developing nations when doing
business online. They can get away with crimes which other nations would
be able to monitor and punish. The global marketplace is still very young.
General
Guidelines for fraud prevention
Credit card fraud prevention tips (researching
the customer):
- International Orders
- Quantity and Frequency
- Addresses
- Common Sense
- Free E-mail Accounts
- Legitimate Domains
Precautionary Methods (from Merchant Side):